AFB Bank ended the second quarter of 2021 with a net profit of more than 8 million.

AFB Bank OJSC, one of the leading banks in the country, ended the second quarter of 2021 with a net profit of 8 million 183 thousand manat.

In the same period last year, this figure was 3 million 222 thousand manat, which is an increase of 4 million 960 thousand manat or 60% of net profit.

As a result of the work done to solve problem loans, interest income on loans has more than doubled compared to the same period last year.

The adequacy ratio of the Bank's total capital and Tier I capital is many times higher than the Central Bank's norms. Thus, the adequacy ratio of aggregate capital was set at 10% according to the CB norm, which is 61% of the Bank, respectively, although the rate of Tier I capital is 5%, in the Bank this figure is more than 54%.

It should be noted that the bank's total capital is 84.1 million manat.

In accordance with the requirements of the Central Bank of the Republic of Azerbaijan, AFB Bank publishes quarterly financial statements, including total capital, on its official website.

At present, the bank offers various banking services for both legal entities and individuals with 7 branches and 4 sub-branches. You can get more information about these services from the 1545 call center or on the Bank's pages on various social networks.